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Re-sale versus New Construction in 2nd Quarter 2015

Monday, July 13, 2015

It’s no surprise our Southwest Triangle Market is HOT this season and our quarterly numbers are certainly proving that.  This quarter I have decided to show numbers of a more narrowed down section of our county by reporting only Fuquay Varina, Holly Springs, Apex and Cary.  I have also included data comparing re-sale homes to new construction homes as our new starts have certainly heated up this year as well with new construction homes being a significant part of our real estate sales.

2nd Q 2015

In summary, all markets are showing healthy new construction activity.  Surprisingly, in most price-points re-sale homes are showing “price per square foot” as high as new construction and “days on market” just as low, if not lower, than new construction.  Builders are staying very competitive.  Holly Springs is the only market that is actually showing a measurable increase in number of units sold this 2nd quarter 2015 as compared to the same quarter last year with a 27% increase.  The other towns show 1-6% increase of total units sold.  It should also be noted that our table shows only active and closed sales; calculating months of inventory for this purpose we are considering “pending” sales as “active”.

FRONT PORCH REALTY has settled in to our new Main Street Fuquay office and are enjoying being part of the Link between our two downtowns.  We have started a new seminar series on the 3rd Thursday of every month from 6-7 pm.  This casual seminar is for potential clients that are just starting to think about a move.  We offer a relaxed format with wine and cheese as well as visits from some of our trusted local professionals that also are involved in the selling or buying real estate transaction.  Please send over anyone that you believe can benefit!

What’s a Buying and Selling Seminar Anyway?

We love selling Fuquay and the surrounding area, we are helping buyers move across the country as well as those moving across town. With 19 years of experience selling our Triangle market, excellent communication skills and broker support team.

Welcome Home,

Laura